Welcome to Community space, @WhiteCar. I'd like to thank you for using QuickBooks and Magstripe card reader when processing business transactions for ten years. I'm here to help you decide which one you can upgrade to offer more options for your customers.
For your first question, QuickBooks Card Reader accepts EMV chip cards and contactless payments via Apple Pay, Google Pay, and Samsung Pay. However, you need the QuickBooks GoPayment app or QuickBooks Online mobile app since it works via Bluetooth. Since Magstripe uses a micro-USB cable, you cannot use the QuickBooks Card Reader. It will only work through a USB-C cable.
Regarding your second question, there are various types of card readers available. Aside from the QuickBooks Card Reader, there are QuickBooks GoPayment Chip and Magstripe, and QuickBooks GoPayment All-in-one. All these require an app to function. You can refer to this article for more information about their features and operating systems: QuickBooks Payments card reader features and compatibility.
Lastly, please note that we are unable to suggest which card reader would be the best fit for you. What we can do is aid you in any payment or invoice tasks.
I'm adding this guide as your reference to take payments and tip amounts conveniently: Process payments with the QuickBooks Card Reader.
This will enable you to decide which card reader you want to upgrade to. If you have any further questions regarding payment tasks, please feel free to ask. I am here to assist you.
